Use the following information to answer questions 3 to 9: In October 2019, you acquired a grocery store. To compete with the large grocery chains, you decide to offer some customers credit terms of 30 days. Total sales for the year ended September 30, 2020 were $900,000, of which $250,000 were on credit. Five customers declared bankruptcy or left town without a forwarding address, and their accounts (which totaled $4,300) were written off The balance of the accounts receivable, after the write off, was $24,700. Total sales for the next fiscal year were $1.060,000, of which $760,000 were for cash. Six customers' accounts totaling $5,400 were written off, and the ending balance in the accounts receivable was $31,900 as at September 30, 2021 Assume for questions 3 to 6 that the percentage of credit sales method is used to estimate bad debts expense for both fiscal years, 2020 and 2021. Industry statistics indicate that bad debts average 3% of credit sales. (Hint: use T-accounts to keep track of the various details.) - 5 of 20 1:57:01 The ending balance of the allowance for doubtful accounts at September 30, 2021 is: Marks O A $3,200 OB $3,600 C$6,800 Unsure OD. impossible to determine without additional information 6 of 20 Marks The accounts receivable turnover ratio for fiscal year 2021 equals: A 10.60 OB 12.88 OC 26.86 OD 32.62 Unsure